Business description

• Thriving Hairdressing Salon
• Good Trading Location
• Well Appointed Premises
• Regular and Repeat Business
• Consistent Turnover
• New 6 Year Lease

LOCATION:
Launceston is the Ancient Capital of and acknowledged gateway to Cornwall. It is located close to the A30, one mile from the Devon/Cornwall border, in an area of considerable beauty and charm. The Town’s convenient situation provides easy access to both north & south coasts, as well as to the major cities of Exeter, Plymouth and Truro.

BUSINESS PROFILE:
‘Angie’s Cutting It His & Hers’ has been trading in Launceston for 8 years and has established an excellent reputation regarding the services provided. The business attracts regular & repeat custom from within the local community.

The asking price is inclusive of all business fixtures/fittings and equipment which includes:

• Free standing display unit
• 2 x Hand-dryers
• Accessories

PREMISES:
The business operates from the ground floor of a mid-terraced property located in a good trading position. The business area is circa 280 sq. ft. The premises has large window frontage with double-door entrance. A seating area, inclusive of 2 settees, is provided for customers. The salon has cream walls and attractive mosaic effect flooring. There are 3 cutting stations with mirrors / chairs and a separate wash basin / chair.

To the rear of the salon is a cloak / storeroom. There is a door leading to a hallway together with access to the street.

Also at the rear of the premises there is a W.C. facility and door to the rear of the property.

EMPLOYEES:
The business is operated by our client with the assistance of the following employees:-

1 x Full-time
1 x Part-time
1 x Trainee: Tuesdays only

BUSINESS HOURS:
Mon – Fri 9:00 a.m. - 5:00 p.m.
Saturday 8:30 a.m. - 1:00 p.m.

TENURE:
We are advised that the business is available on a new six year Lease at a rental of £4,290 Per Annum with a three yearly rent review.

LEGAL COSTS:
The ingoing tenant will be responsible for the Landlord's reasonable costs for the grant of the Lease.

FINANCIAL DATA:
The business generates consistent sales turnover providing good profit margins. We are advised that 2007 accounts reflect sales of circa £35,000. Detailed financial information will be made available to interested parties following a successful viewing of the business.

RATES:
We refer to the Valuation Office website: www.voa.gov.uk for an updated rates assessment.

REASON FOR SALE:
The owner wishes to pursue other business interests.

Property information

Property:

Leasehold